Chapter 3495


    Tony choked up and said, "Lord Waldron, I will not hide this from you, but many of our industries are


    actually long-term investments. We have invested in some of our projects for many years now, and


    we are finally beginning to see returns after investing a lot of funds. If we were to sell our


    investments at this time, i t would be tantamount to killing the entire business just to get our hands


    on the money at the moment. It would be a very heavy loss for us..."


    Tony''s words resonated with the other members of the Wade family’s coteral families.


    They were already all willing to take out half of their assets at this point, but if they were to kill off


    their business and investments to get the money, the loss that they suffered would definitely be


    even greater than them taking out half of their assets.


    Porter also could not make up his mind and decide at this time. If it was only toplete the task


    that Charlie had given to him, Porter would not even be bothered about the consequences at all. So


    what if these people would have to kill off their businesses and investments in order to hand over


    half of their assets to him?


    However, Porter still did not know what Charlie''s attitude toward these people was and so, he could


    note to a decision. Therefore, he said, "You should


    give us a clear ount of the situation of your assets first. If the cash that you have on hand is less


    than half of your assets, pay us the cash payment first. We will then give you a solution for the


    remaining part of the paymentter."


    Everyone had no choice but to agree to it.


    After that, the soldiers from Ten Thousand Armies began to register these members of the Wade


    family''s coteral families in batches. They asked about each person''s specific assets as well as the


    situation of their cash on hand. After the registration waspleted, they were then asked to pay all


    the cash that they had first.


    Just as this part of the funds was starting to be transferred into Ten Thousand Armies'' bank


    ount, the Concorde that Charlie was on finallynded at Eastcliff Airport.


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    As soon as Charliended, Stephen picked him up and took him to Mount Wintry.


    On the way there, Stephen gave Charlie a brief report o f the situation on Mount Wintry. At the same


    time, Stephen also gave Charlie a report of the problem that Porter could not decide on and asked,


    "Young Master, when I wasing here, Porter Waldron asked me to ask you how he should deal


    with those people who have less than half of their family''s assets in cash, but have most of their


    assets in the form of physical industry as well as fixed assets?"


    Charlie said indifferently, "Of course, we cannot push those people who have a good attitude and


    are willing to admit their mistakes and ept their punishment too hard. Collect the cash from them


    first and then let them pay in installments for the rest of the payment."


    As Charlie spoke of this, he paused slightly and said," ording to the norm, a person would


    definitely have to pay interest for installment payments. However, since they are all members of the


    Wade family, I''ll be a little lenient with them, and I will not charge them interest on the installment


    payments. However, I will have to charge a certain percentage of the handling fee, just like that of


    the banks."


    "For instance, if the other party owes us one billion dors, the sum could be divided into twelve


    installments to be paid within a year, thirty-six installments to be paid within three years, or even


    sixty installments to be paid within five years. As for the handling fee, 0.006% for each installment,


    which would be six million dors, then."


    Stephen was shocked, and he eximed, “Young Master, if we go by this ratio and if the


    commission for one installment is 0.006%, the totalmission for sixty installments would be 36%!


    The handling fee would be three hundred and sixty million dors for a principal of ten billion dors.


    Isn''t that a little too high?"


    Charlieughed and said, "Doesn''t the bank also card 0.006% for each credit card installment


    payment? I am not overcharging them, but I''m simply following the bank''s rates."


    Stephen hurriedly said, "Young Master, that is indeed the case but this interest... No, I mean this


    commission ratio is actually still very high... I am afraid that they simply will not be able to sustain


    such a high handling fee...”


    Charlie had the expression of a treacherous businessman as he said seriously, "It’s also fine if they


    cannot sustain it. I can give them another option.


    They can convert the money that they owe into corresponding equity in their business ording to


    a certain preferential strength. For instance, if the other party''spany is worth five billion dors


    and he still owes us one billion dors, the one billion dors should actually be converted into an


    equity of 20%. However, since he owes us money and if I will not charge him any handling fees for


    the installments, I will have to receive a cash discount ratio from him. Therefore, he will have to give


    us a 20% discount on the total valuation. In that case, for a five billion dors enterprise, it will be


    four billion dors after a 2 0% discount, and the one billion dors debt will then be converted into


    an equity of 25%!"